Moderated By: SI (no user) -- (Not Moderated) -- Started: 4/28/1996 11:49:00 PM Revision History
Hummingbird is the leader in the PCX software market, which allows PC's to emulate a unix operating system.
HUMCF closed unchanged today at 41/41 1/2, and basically met expectations, however the stock has had a very negative tone in the last few months and has traded down from its highs of $60. The earnings are finally catching up and the stock only trades at 26X FY9/96 and 20X FY9/97. Although quarter to quarter revenues and earnings have slowed in the last three quarters, they are still growing well over 30% year over year and this past quarter they just got some large orders from Tex Inst and Schwab which they will recognize next quarter. Also for a fast growing software company which commands there market segment (which MSFT is not in!), the stock should start trending upwards and test old highs at $60. Short term however, the stock could see a little weakness because earnings momentum has slowed, but longer term its still undervalued.
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